SA_FULL PACKET_2016-07-05 - Laserfiche WebLink

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"Bond Counsel" shall mean counsel of recognized national standing in the field of law relating to municipal bonds. [ "Bond Insurance Policy" and "2016 Bond Insurance Policy" have the following meanings: "Bond Insurance Policy" shall mean, as the context suggests, each of the insurance policies or the applicable insurance policy including, without limitation, the 2016 Bond Insurance Policy, issued by the Bond Insurer guaranteeing the scheduled payment of principal of, and the interest when due on, the applicable Series of Bonds, "2016 Bond Insurance Policy" shall mean, respectively, the Municipal Bond Insurance Policy guaranteeing the scheduled payment of principal of, and the interest when due on, the Insured Series 2016A Bonds and the Insured Series 2016B Bonds, issued by the 2016 Bond Insurer and dated , 2016.] ["Bond Insurer" and 112016 Bond Insurer" have the following meanings: "Bond Insurer" shall mean the issuer or issuers of a policy or policies of municipal bond insurance obtained by the Agency to insure the payment of principal of and interest on a Series of Bonds issued under this Indenture, when due otherwise than by acceleration, and which, in fact, are at any time insuring such Series of Bonds. "2016 Bond Insurer" shall mean or any successor thereto or assignee thereof, as insurer of the Insured Series 2016 Bonds and issuer of the 2016 Reserve Policy.] "Bond Register" shall mean the registration books specified as such in Section 2.13 hereof. "Bond Year" shall mean (1) with respect to the initial Bond Year, the period from the date the Bonds are originally delivered to and including the first succeeding September 1, and (2) thereafter, each twelve -month period from September 2 in any calendar year to and including September 1 in the following calendar year. "Bonds" shall mean the Series 2016 Bonds and all Additional Bonds. "Business Day" shall mean a day of the year on which banks in Los Angeles, California, and any other place in which the Corporate Trust Office of the Trustee is located are not required or authorized to remain closed and on which the New York Stock Exchange is not closed. "City" shall mean the City of Santa Ana, California. "Code" shall mean the Internal Revenue Code of 1986, as amended and any regulations of the United States Department of the Treasury issued thereunder. "Compliance Costs" shall mean those costs incurred by the Agency or the Trustee in connection with their compliance with the Indenture and the Continuing Disclosure Agreement that are chargeable against the Redevelopment Property Tax Trust Fund as provided in Section 5,01 and 6.16, including legal fees and charges, fees and disbursements of consultants and professionals, rating agency fees, amounts to reimburse the Bond Insurer for draws on its Bond Insurance Policy (including any other amounts due to the 2016 Bond Insurer), and Qualified Reserve Account Credit Instruments, and all amounts required to be rebated to the United States pursuant to Section 148(f) of the Code in accordance with Section 6.11 and the Tax Certificate. 3 -22